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Property profile & analytics
OFF-MARKET
Estimated value
$15,775,000
Commercial real estate
20179 Good Hope Rd Lannon, WI 53046-9776
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-1726562
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
16.36 ac (712,467 SF)
Zoning code
B
APN
LANV0078480
UPID
US92-1726562
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
A-Able In Home Services Social Service Agency
-
Lannon Estates Manufactured Home Community Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.78M
Owner & transaction history
Lannon Estates Wi Mhc LLC · 3 yrs held
Lannon Estates Wi Mhc LLC
since 2022
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
B · Lannon, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lannon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lannon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$20,020,000
ML approach
$11,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.78M
Range $14.20M – $17.35M · ±10% · vs last sale $15.92M (Sep 22 2022)
Last sale anchor
$15.92M
Sep 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,432
Tax year 2023
Assessed value
$1,492,300
Assessed 2023
Previous assessed
$827,500
+80.3% YoY
Effective rate
1.44%
On assessed value
Assessed land
$392,300
Assessed improvement
$1,100,000
Total market value
$1,910,600
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
16.36 ac (712,467 SF)
Zoning code
B
APN
LANV0078480
UPID
US92-1726562
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Lannon, WIZoning B · permitted uses
B · Lannon, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
16.36 ac
Current owner
From public records · entity-resolved
Lannon Estates Wi Mhc LLC
Entity
Free & Clear · 3 yrs held
Mailing address
31200 NORTHWESTERN HWY, FARMINGTON HILLS, MI 48334-5900
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
$15,915,600
Lannon Estates Wi Mhc LLC
Lannon Development Group LLC
Special Warranty Deed
—
Jun 13, 2013
—
Lannon Dev Group LLC
—
Deed Of Trust
related
$6,900,000 · Bank Of America
Sep 24, 2001
—
Charles Edlebeck
Waukesha County (wi)
Quit Claim Deed
related
$650,000 · Fox Creek Lending Group LLC
Jan 13, 2000
$60,000
Lannon Estates INC
Carey,kevin P & Barbara J
Grant Deed
—
Nov 5, 1998
—
Waukesha County (wi)
Nellis,ronald J
Grant Deed
related
—
Jun 10, 1998
$25,750
Jack K Chartier
Strube,dean & Bonita
Grant Deed
$100,000 · Equitable Bank Ssb
—
—
Ronald J Nellis
—
Deed Of Trust
related
$30,000 · Associated Bank Milwaukee
—
—
David Mcnabb
—
Deed Of Trust
related
$36,400 · Firstbanc Home Mortgage INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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